Apple will replace mobile operator AT&T in the Dow Jones Industrial Average. It is reported Rbc , citing the statement of the stock index. This was the first change in the composition of the index from 23 September 2013, when it incorporated the shares of the bank Goldman Sachs Group, sporting goods manufacturer Nike and Visa.
In a statement DJIA says that Apple will replace AT & T after the close of trading on Wednesday, March 18. Technology company acquired the opportunity to get in the index only after the occurrence of fragmentation of its shares by the formula "seven to one".
DJIA representatives explained that AT & T has one of the lowest costs among the other participants in the index, which is "saturated with telecommunications companies". Apple decided to include in the index is also due to the actions of Visa, which will hold stock split on March 19 in a ratio of four to one. Because of this, the share of companies that are engaged in information technology will decrease, and the index will be a place for Apple.
"As the largest corporation in the world and a leader in the field of technology, Apple is the clear choice for the Dow Jones Industrial Average, the most recognized of the stock market of the world" - said David Blitzer, Managing Director and Chairman of the Index Committee S&P Dow Jones Indices.
Index Dow Jones Industrial Average stock index is the first in the world. It was first designed by Charles Dow 26 May 1896.
List of companies included in the index is reviewed depending on the situation on the stock market. Compiling this list deals newspaper The Wall Street Journal.